The Impact of Corporate Governance on Corporate Performance – A Study of Technological Companies on the FTSE 250 London Stock Exchange

The significance of effective corporate governance cannot be overemphasized, since it directly affects the entire functioning of a firm. Corporate governance is a brand theory concerned with the alignment of management and shareholder interests. This study examined the impact of corporate governance on corporate performance using the technological companies listed on the FTSE 250 London Stock Exchange. Board size, Board independence, and CEO duality were used to measure corporate governance while Return on Assets were used to proxy corporate performance. The research adopted a positive epistemological stance and an objective view of ontology as its guiding philosophy as these are most suited for this paper. Secondary data were obtained from the companies’ annual reports and the London Stock Exchange website for a period of 5 years (2018 – 2022). The literature reviwed revealed that board size and CEO duality have a positive impact on the performance of technological companies in the UK FTSE 250. Hence, we concluded that corporate governance is one of the few ways of enhancing a company's performance. The study however, recommended that technological companies should assess their current board composition and consider appointing individuals with diverse backgrounds and skills. The focus should be on obtaining a balance that promotes innovation and informed decision-making without becoming unwieldy.